FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN PADA PERUSAHAAN (STUDY KASUS PADA PERUSAHAAN BUMN YANG TERDAFTAR DI INDEKS LQ45 BURSA EFEK INDONESIA PERIODE 2013-2019)

Abstrak

This study aimed to examine the factors which influenced dividend policy in State-Owned Enterprises (SOEs). The sampling technique used in this study was purposive sampling, while the data were analyzed using multiple linear regression. The data source was taken from State-Owned Enterprises as member of LQ45 Index of the indonesia Stock Exchange during 2013-2019 period as the secondary data. The results showed that variables such as Financial Leverage (DER) and Institutional Ownership (INST) as well as Liquidity (CR) had a positive and insignificant effect on dividend policy (DPR), while Asset Growth (AS) and Profitabilitiy (ROA) had a negative and significant effect on dividend policy (DPR).